You'll settle your ExtraCash™ balance with the accounts we listed in your settlement agreement.
We currently don't support changing your settlement methods, but you should be good to go as long as you've connected your primary bank account and its debit card.
If you don't have enough funds for settlement, Dave will collect a partial amount from your accounts if there's at least $5, and simply try again later when you do have funds.
What methods are used for settlement and how long does it take?
Dave will attempt to settle the negative balance on your ExtraCash™ account in the following order:
- Dave Checking account, it may take up to 24 hours to process
- Linked debit card, it may take up to 24 hours to process
- External bank account (via ACH), it may take up to 3 business days to process
Please note, business days do not include weekends or bank holidays.
Once the settlement completes, you can check your ExtraCash™ eligibility in the Dave app.
If the debit card used for settlement is unsuccessful, Dave will attempt to settle from your external bank account, which can take up to 3 business days to process.